Threat of government shutdown increases

The deadline for the government to approve 12 appropriation bills is a week away. With gridlock threatening the chance of a seamless resolution, Congress is starting to prepare for the threat of a government shutdown rather than discussing the looming debt ceiling debate. Per Reuters:

"I am nervous by the desire to drive this to the last minute," Treasury Secretary Jack Lew told a business forum last week. Lew described himself as "anxious."

"Since irreconcilable differences are hardening. There is an increased likelihood that Congress and the president will not agree to raise the debt ceiling before time runs out," Ray Dalio, founder of Bridgewater Associates, one of the world's largest hedge funds, wrote in a report.

Related Articles

Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!

This month inHousingWire magazine

The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investors. What does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation?

Feature

As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the future. That delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy.

Commentary

There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology.